Peter Sands Named Head of Global Disease-Fighting Agency

The new executive director of the Global Fund to Fight AIDS, Tuberculosis and Malaria faces an uphill battle: raising more money as lethal epidemics keep cropping up.

A former British banker was named executive director of the Global Fund to Fight AIDS, Tuberculosis and Malaria on Tuesday, taking over an international disease-fighting partnership that has struggled since its inception 15 years ago to raise enough money to fulfill its mission.Peter A. Sands, a former chief executive of Standard Chartered Bank, was chosen by the fund’s executive board over three other candidates. Mr. Sands, who grew up in Malaysia, went to Oxford, earned a degree in public a...